Chapter 20ASC 323 INVESTMENTS—EQUITY METHOD AND JOINT VENTURES
Scope and Scope Exception—ASC 323-10, Overall
Scope—ASC 323-30, Partnerships, Joint Ventures, and Limited Liability Entities
The Equity Method of Accounting for Investments
Equity Investments in Corporate Joint Ventures and Noncorporate Entities (ASC 323-30)
Qualified Affordable Housing Project Investments (ASC 323-740)
PERSPECTIVE AND ISSUES
Topics Related to Investments
The Codification contains several Topics on the various forms of investments:
- ASC 320, Investments – Debt and Equity Securities
- ASC 323, Investments – Equity Method and Joint Ventures
- ASC 325, Investments – Other.
ASC 323 Subtopics
ASC 323, Investments – Equity Method and Joint Ventures contains three subtopics:
- ASC 323-10, Overall
- ASC 323-30, Partnerships, Joint Ventures, and Limited Liability Entities, which provides guidance on applying the equity method to partnerships, joint ventures, and limited liability entities
- ASC 323-740, Income Taxes, provides stand-alone guidance on a specific type of real estate investment, Qualified Affordable Housing Project Subsections.
Investments in stock of entities joint ventures and other noncontrolled entities are usually accounted for by one of three methods:
- The cost method ...
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